We'll see G-Sun.
Look at the work for the LBX Strip creator here:
http://forum.cockos.com/showthread.php?t=182233
This might be exactly what we need. He could probably help out with a decent framework. Writing THAT stuff in Lua could be just the ticket to take advantage of the enormous talent in this forum.
Just take a look at the last post on page 36(!!). Stuff people are coming up with.
With simple shapes or whatever people want to use,the visualization and configuration could be close to being solved on a technical level already.